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Argentina

All countries

Country Details

Currency

Argentine Peso (ARS)

Official language

Spanish

Capital

Buenos Aires

Is English spoken?

No

Time Zone

GMT - 3:00

Salary payment frequency

Monthly, Bi-weekly, Weekly

General Overview & Economic Facts

Information

The main exports from include motor vehicles, machinery, iron and steel
Population demographic- 10.06 % of the population is between the ages of 15 and 24 years, with 44.61% of the population being between the ages of 25 and 54. Slovakia has a fairly mature population making it a good country to hire more experienced employees

Population size

4,54,57,630

GDP

$641B

Inflation level

211%

Average earning + minimum wage

Average earning- EUR 47.52 per month
Minimum wage - EUR 646.00 per month

Overview of the labour law

The Labour Code is the main source of labour law.
The Code covers annual leave, minimum wage, working conditions, vacation and termination of employment
Employment relationships are establish by written employment contracts
Labor law is based on the protection of both employers and employees

Employment Details

Number of Public Holidays

19

Working Hours

Maximum of 8 hours per day and 40 hours per week Minimum 30-minute meal interval Typical working hours start at 09h00 and end at 17h00, Monday to Friday

Benefits
  • Health Insurance
  • Vision Insurance
  • Dental Insurance
  • Pension or 401(K)
  • Mental Health Support
  • Life and Disability Insurance
Overtime

Employees may work a maximum of 8 hours of overtime per week

Notice Period

Notice Period Employed between 0 and 1 year- 1 months notice Employed between 1 and 5 years- 2 months notice Employed for 5 years or longer- 3 months notice

Probation Period

There is no statutory probation periodIt is common to have a probation period of 3 months for standard employees and 6 months for managers

Severance Pay

Employed between 2 and 5 years- 1 months pay Employed between 5 and 10 years- 2 months pay Employed between 10 and 20 years- 3 months pay Employed for 20 years or longer- 4 months pay

Employee Income tax

Income tax is calculated on ‘Worldwide Income
EUR 0.00 – EUR 38,553.00
19.00%

EUR 38,553.00 or more
25.00%

Employer Social cost
Employee Social cost

Benefit packages

Health Insurance
Vision Insurance
Dental Insurance
Pension or 401(K)
Mental Health Support
Life and Disability Insurance

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